10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-19-006675 |
| Period End Date | 20190331 |
| Filing Date | 20190513 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | cmct-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investments in real estate, net |
RealEstateInvestmentPropertyNet
|
$1.04B | USD | Point-in-time |
| Investments in real estate, net |
RealEstateInvestmentPropertyNet
|
$667.97M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$299.43M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$39.88M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$54.93M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$30.31M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$22.51M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$11.74M | USD | Point-in-time |
| Loans receivable, net |
LoansReceivableNet
|
$72.41M | USD | Point-in-time |
| Loans receivable, net |
LoansReceivableNet
|
$83.25M | USD | Point-in-time |
| Accounts receivable, net |
AccountsAndNotesReceivableNet
|
$5.90M | USD | Point-in-time |
| Accounts receivable, net |
AccountsAndNotesReceivableNet
|
$6.64M | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Deferred rent receivable and charges, net |
DeferredRentReceivableAndChargesNet
|
$84.23M | USD | Point-in-time |
| Deferred rent receivable and charges, net |
DeferredRentReceivableAndChargesNet
|
$46.62M | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Other intangible assets, net |
OtherIntangibleAssetsNet
|
$8.81M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
900.00M | shares | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
900.00M | shares | Point-in-time |
| Other intangible assets, net |
OtherIntangibleAssetsNet
|
$9.53M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$15.47M | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
43.80M | shares | Point-in-time |
| Other assets |
OtherAssets
|
$18.20M | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
43.80M | shares | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
43.80M | shares | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
43.80M | shares | Point-in-time |
| Assets held for sale, net (Note 3) |
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
$58.22M | USD | Point-in-time |
| Assets held for sale, net (Note 3) |
AssetsOfDisposalGroupIncludingDiscontinuedOperation
|
$22.18M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$1.34B | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$1.19B | USD | Point-in-time |
| Debt, net |
DebtAndCapitalLeaseObligations
|
$165.55M | USD | Point-in-time |
| Debt, net |
DebtAndCapitalLeaseObligations
|
$588.67M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$41.60M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$13.07M | USD | Point-in-time |
| Intangible liabilities, net |
BelowMarketLeaseNet
|
$2.36M | USD | Point-in-time |
| Intangible liabilities, net |
BelowMarketLeaseNet
|
$2.87M | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$10.95M | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$9.11M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$16.54M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$11.33M | USD | Point-in-time |
| Liabilities associated with assets held for sale, net (Note 3) |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
$28.77M | USD | Point-in-time |
| Liabilities associated with assets held for sale, net (Note 3) |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
|
$41.86M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$243.28M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$689.39M | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 15) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| COMMITMENTS AND CONTINGENCIES (Note 15) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| REDEEMABLE PREFERRED STOCK: Series A, $0.001 par value; 36,000,000 shares authorized; 1,481,243 and 1,480,043 shares issued and outstanding, respectively, at March 31, 2019 and 1,566,386 and 1,565,346 shares issued and outstanding, respectively, at December 31, 2018; liquidation preference of $25.00 per share, subject to adjustment |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$33.79M | USD | Point-in-time |
| REDEEMABLE PREFERRED STOCK: Series A, $0.001 par value; 36,000,000 shares authorized; 1,481,243 and 1,480,043 shares issued and outstanding, respectively, at March 31, 2019 and 1,566,386 and 1,565,346 shares issued and outstanding, respectively, at December 31, 2018; liquidation preference of $25.00 per share, subject to adjustment |
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
$35.73M | USD | Point-in-time |
| Common stock, $0.001 par value; 900,000,000 shares authorized; 43,795,073 shares issued and outstanding at March 31, 2019 and December 31, 2018 |
CommonStockValue
|
$44.00K | USD | Point-in-time |
| Common stock, $0.001 par value; 900,000,000 shares authorized; 43,795,073 shares issued and outstanding at March 31, 2019 and December 31, 2018 |
CommonStockValue
|
$44.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$789.58M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$790.35M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossBeforeTax1
|
$1.81M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossBeforeTax1
|
- | USD | Point-in-time |
| Distributions in excess of earnings |
RetainedEarningsAccumulatedDeficit
|
$-151.57M | USD | Point-in-time |
| Distributions in excess of earnings |
RetainedEarningsAccumulatedDeficit
|
$-436.88M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$908.84M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$616.44M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$837.00K | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$663.00K | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$909.51M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$624.49M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$617.27M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$626.71M | USD | Point-in-time |
| TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$1.34B | USD | Point-in-time |
| TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$1.19B | USD | Point-in-time |
Income Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental and other property income |
OperatingLeaseAndOtherPropertyRevenue
|
$33.58M | USD | 1 Quarter |
| Rental and other property income |
OperatingLeaseAndOtherPropertyRevenue
|
$35.14M | USD | 1 Quarter |
| Hotel income |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$9.80M | USD | 1 Quarter |
| Hotel income |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$9.69M | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherOperatingIncome
|
$3.46M | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherOperatingIncome
|
$3.89M | USD | 1 Quarter |
| REVENUES |
Revenues
|
$47.28M | USD | 1 Quarter |
| REVENUES |
Revenues
|
$48.29M | USD | 1 Quarter |
| Rental and other property operating |
DirectCostsOfLeasedRentedAndOtherPropertyOperating
|
$20.25M | USD | 1 Quarter |
| Rental and other property operating |
DirectCostsOfLeasedRentedAndOtherPropertyOperating
|
$17.92M | USD | 1 Quarter |
| Asset management and other fees to related parties |
RelatedPartyAssetManagementFeesAndOtherFees
|
$5.89M | USD | 1 Quarter |
| Asset management and other fees to related parties |
RelatedPartyAssetManagementFeesAndOtherFees
|
$6.21M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$4.04M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$6.63M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.79M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$3.38M | USD | 1 Quarter |
| Transaction costs |
BusinessCombinationAcquisitionRelatedCosts
|
$44.00K | USD | 1 Quarter |
| Transaction costs |
BusinessCombinationAcquisitionRelatedCosts
|
- | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$9.63M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$13.15M | USD | 1 Quarter |
| Loss on early extinguishment of debt (Note 7) |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Loss on early extinguishment of debt (Note 7) |
GainsLossesOnExtinguishmentOfDebt
|
$-25.07M | USD | 1 Quarter |
| Impairment of real estate (Note 3) |
ImpairmentOfRealEstate
|
$66.20M | USD | 1 Quarter |
| Impairment of real estate (Note 3) |
ImpairmentOfRealEstate
|
- | USD | 1 Quarter |
| EXPENSES |
CostsAndExpenses
|
$47.28M | USD | 1 Quarter |
| EXPENSES |
CostsAndExpenses
|
$132.92M | USD | 1 Quarter |
| Gain on sale of real estate (Note 3) |
GainsLossesOnSalesOfInvestmentRealEstate
|
- | USD | 1 Quarter |
| Gain on sale of real estate (Note 3) |
GainsLossesOnSalesOfInvestmentRealEstate
|
$377.58M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$291.94M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.01M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$318.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$388.00K | USD | 1 Quarter |
| NET INCOME |
ProfitLoss
|
$622.00K | USD | 1 Quarter |
| NET INCOME |
ProfitLoss
|
$291.62M | USD | 1 Quarter |
| Net loss (income) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-174.00K | USD | 1 Quarter |
| Net loss (income) attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$4.00K | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO THE COMPANY |
NetIncomeLoss
|
$618.00K | USD | 1 Quarter |
| NET INCOME ATTRIBUTABLE TO THE COMPANY |
NetIncomeLoss
|
$291.80M | USD | 1 Quarter |
| Redeemable preferred stock dividends declared or accumulated (Note 10) |
RedeemablePreferredStockDividendsAccumulated
|
$3.65M | USD | 1 Quarter |
| Redeemable preferred stock dividends declared or accumulated (Note 10) |
RedeemablePreferredStockDividendsAccumulated
|
$4.16M | USD | 1 Quarter |
| Redeemable preferred stock redemptions (Note 10) |
PreferredStockRedemptionPremium
|
$4.00K | USD | 1 Quarter |
| Redeemable preferred stock redemptions (Note 10) |
PreferredStockRedemptionDiscount
|
$1.00K | USD | 1 Quarter |
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS |
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
|
$287.63M | USD | 1 Quarter |
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS |
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
|
$-3.03M | USD | 1 Quarter |
| Basic (in usd per share) |
EarningsPerShareBasic
|
$-0.07 | USD | 1 Quarter |
| Basic (in usd per share) |
EarningsPerShareBasic
|
$6.57 | USD | 1 Quarter |
| Diluted (in usd per share) |
EarningsPerShareDiluted
|
$-0.07 | USD | 1 Quarter |
| Diluted (in usd per share) |
EarningsPerShareDiluted
|
$6.30 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
43.78M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
43.80M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
43.78M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
45.74M | shares | 1 Quarter |
Cash Flow Statement
145 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$622.00K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$291.62M | USD | 1 Quarter |
| Deferred rent and amortization of intangible assets, liabilities and lease inducements |
DeferredRentAndAmortizationOfIntangibleAssetsLiabilitiesAndLeaseInducements
|
$-193.00K | USD | 1 Quarter |
| Deferred rent and amortization of intangible assets, liabilities and lease inducements |
DeferredRentAndAmortizationOfIntangibleAssetsLiabilitiesAndLeaseInducements
|
$-1.39M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$9.63M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$13.15M | USD | 1 Quarter |
| Reclassification from AOCI to interest expense |
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
$1.81M | USD | 1 Quarter |
| Reclassification from AOCI to interest expense |
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
- | USD | 1 Quarter |
| Reclassification from other assets to interest expense for swap termination |
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
|
- | USD | 1 Quarter |
| Reclassification from other assets to interest expense for swap termination |
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
|
$-1.42M | USD | 1 Quarter |
| Change in fair value of swaps |
UnrealizedGainLossOnCashFlowHedgingInstruments
|
- | USD | 1 Quarter |
| Change in fair value of swaps |
UnrealizedGainLossOnCashFlowHedgingInstruments
|
$-209.00K | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
- | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$377.58M | USD | 1 Quarter |
| Impairment of real estate (Note 3) |
ImpairmentOfRealEstate
|
$66.20M | USD | 1 Quarter |
| Impairment of real estate (Note 3) |
ImpairmentOfRealEstate
|
- | USD | 1 Quarter |
| Loss on early extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Loss on early extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-25.07M | USD | 1 Quarter |
| Straight-line rent expense |
StraightLineRentExpenseBelowMarketGroundLeaseAndAmortizationOfIntangibleAssets
|
$-11.00K | USD | 1 Quarter |
| Straight-line rent expense |
StraightLineRentExpenseBelowMarketGroundLeaseAndAmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| Amortization of deferred loan costs |
AmortizationOfFinancingCosts
|
$176.00K | USD | 1 Quarter |
| Amortization of deferred loan costs |
AmortizationOfFinancingCosts
|
$309.00K | USD | 1 Quarter |
| Amortization of premiums and discounts on debt |
AmortizationOfDebtDiscountPremium
|
$4.00K | USD | 1 Quarter |
| Amortization of premiums and discounts on debt |
AmortizationOfDebtDiscountPremium
|
$-34.00K | USD | 1 Quarter |
| Unrealized premium adjustment |
UnrealizedPremiumAdjustment
|
$891.00K | USD | 1 Quarter |
| Unrealized premium adjustment |
UnrealizedPremiumAdjustment
|
$442.00K | USD | 1 Quarter |
| Amortization and accretion on loans receivable, net |
AmortizationAndAccretionOnLoansReceivableNet
|
$99.00K | USD | 1 Quarter |
| Amortization and accretion on loans receivable, net |
AmortizationAndAccretionOnLoansReceivableNet
|
$98.00K | USD | 1 Quarter |
| Bad debt (recovery) expense |
ProvisionForDoubtfulAccounts
|
$-98.00K | USD | 1 Quarter |
| Bad debt (recovery) expense |
ProvisionForDoubtfulAccounts
|
$109.00K | USD | 1 Quarter |
| Deferred income taxes |
DiscontinuedOperationDeferredIncomeTaxExpenseBenefit
|
$58.00K | USD | 1 Quarter |
| Deferred income taxes |
DiscontinuedOperationDeferredIncomeTaxExpenseBenefit
|
$95.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$38.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$38.00K | USD | 1 Quarter |
| Loans funded, held for sale to secondary market |
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
$8.73M | USD | 1 Quarter |
| Loans funded, held for sale to secondary market |
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
$2.55M | USD | 1 Quarter |
| Proceeds from sale of guaranteed loans |
ProceedsFromSaleOfLoansHeldForSale
|
$11.29M | USD | 1 Quarter |
| Proceeds from sale of guaranteed loans |
ProceedsFromSaleOfLoansHeldForSale
|
$17.11M | USD | 1 Quarter |
| Principal collected on loans subject to secured borrowings |
ProceedsFromCollectionOfLoansHeldForSale
|
$112.00K | USD | 1 Quarter |
| Principal collected on loans subject to secured borrowings |
ProceedsFromCollectionOfLoansHeldForSale
|
$510.00K | USD | 1 Quarter |
| Other operating activity |
OtherOperatingActivitiesCashFlowStatement
|
$-193.00K | USD | 1 Quarter |
| Other operating activity |
OtherOperatingActivitiesCashFlowStatement
|
$-49.00K | USD | 1 Quarter |
| Accounts receivable and interest receivable |
IncreaseDecreaseInReceivables
|
$-740.00K | USD | 1 Quarter |
| Accounts receivable and interest receivable |
IncreaseDecreaseInReceivables
|
$-2.83M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$5.12M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-959.00K | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-4.04M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.00M | USD | 1 Quarter |
| Deferred leasing costs |
IncreaseDecreaseInDeferredLeasingFees
|
$262.00K | USD | 1 Quarter |
| Deferred leasing costs |
IncreaseDecreaseInDeferredLeasingFees
|
$1.04M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-5.03M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-8.00K | USD | 1 Quarter |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$-1.72M | USD | 1 Quarter |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$826.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$14.71M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$17.71M | USD | 1 Quarter |
| Additions to investments in real estate |
PaymentsToDevelopRealEstateAssets
|
$12.62M | USD | 1 Quarter |
| Additions to investments in real estate |
PaymentsToDevelopRealEstateAssets
|
$4.12M | USD | 1 Quarter |
| Acquisition of real estate |
PaymentsToAcquireRealEstateAndMortgageNoteReceivable
|
- | USD | 1 Quarter |
| Acquisition of real estate |
PaymentsToAcquireRealEstateAndMortgageNoteReceivable
|
$112.05M | USD | 1 Quarter |
| Proceeds from sale of real estate, net |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
- | USD | 1 Quarter |
| Proceeds from sale of real estate, net |
ProceedsFromSaleOfRealEstateHeldforinvestment
|
$652.89M | USD | 1 Quarter |
| Loans funded |
PaymentsToAcquireLoansHeldForInvestment
|
$2.91M | USD | 1 Quarter |
| Loans funded |
PaymentsToAcquireLoansHeldForInvestment
|
$851.00K | USD | 1 Quarter |
| Principal collected on loans |
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
$2.25M | USD | 1 Quarter |
| Principal collected on loans |
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
$3.68M | USD | 1 Quarter |
| Other investing activity |
PaymentsForProceedsFromOtherInvestingActivities
|
$-23.00K | USD | 1 Quarter |
| Other investing activity |
PaymentsForProceedsFromOtherInvestingActivities
|
$-49.00K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$641.69M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-115.35M | USD | 1 Quarter |
| Payment of unsecured revolving lines of credit, revolving credit facility and term note |
RepaymentsOfShortTermDebt
|
- | USD | 1 Quarter |
| Payment of unsecured revolving lines of credit, revolving credit facility and term note |
RepaymentsOfShortTermDebt
|
$130.00M | USD | 1 Quarter |
| Payment of mortgages payable |
RepaymentsOfFirstMortgageBond
|
$46.00M | USD | 1 Quarter |
| Payment of mortgages payable |
RepaymentsOfFirstMortgageBond
|
$510.00K | USD | 1 Quarter |
| Investments in marketable securities in connection with the legal defeasance of mortgages payable |
PaymentsToAcquireMarketableSecurities
|
$224.09M | USD | 1 Quarter |
| Investments in marketable securities in connection with the legal defeasance of mortgages payable |
PaymentsToAcquireMarketableSecurities
|
- | USD | 1 Quarter |
| Proceeds from revolving credit facility |
ProceedsFromRepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Proceeds from revolving credit facility |
ProceedsFromRepaymentsOfLinesOfCredit
|
$10.00M | USD | 1 Quarter |
| Payment of principal on loan-backed notes |
RepaymentsOfNotesPayable
|
- | USD | 1 Quarter |
| Payment of principal on loan-backed notes |
RepaymentsOfNotesPayable
|
$3.27M | USD | 1 Quarter |
| Payment of principal on secured borrowings |
RepaymentsOfSecuredDebt
|
$112.00K | USD | 1 Quarter |
| Payment of principal on secured borrowings |
RepaymentsOfSecuredDebt
|
- | USD | 1 Quarter |
| Prepayment penalties and other payments for early extinguishment of debt |
PaymentsOfDebtExtinguishmentCosts
|
$5.56M | USD | 1 Quarter |
| Prepayment penalties and other payments for early extinguishment of debt |
PaymentsOfDebtExtinguishmentCosts
|
- | USD | 1 Quarter |
| Proceeds from secured borrowings |
ProceedsFromIssuanceOfSecuredDebt
|
- | USD | 1 Quarter |
| Proceeds from secured borrowings |
ProceedsFromIssuanceOfSecuredDebt
|
$773.00K | USD | 1 Quarter |
| Payment of deferred preferred stock offering costs |
PaymentsOfStockIssuanceCosts
|
$404.00K | USD | 1 Quarter |
| Payment of deferred preferred stock offering costs |
PaymentsOfStockIssuanceCosts
|
$126.00K | USD | 1 Quarter |
| Payment of other deferred costs |
PaymentofOtherDeferredCosts
|
- | USD | 1 Quarter |
| Payment of other deferred costs |
PaymentofOtherDeferredCosts
|
$82.00K | USD | 1 Quarter |
| Payment of common dividends |
PaymentsOfOrdinaryDividends
|
$5.47M | USD | 1 Quarter |
| Payment of common dividends |
PaymentsOfOrdinaryDividends
|
$5.47M | USD | 1 Quarter |
| Payment of special cash dividends |
PaymentsOfCapitalDistribution
|
$1.57M | USD | 1 Quarter |
| Payment of special cash dividends |
PaymentsOfCapitalDistribution
|
- | USD | 1 Quarter |
| Net proceeds from issuance of Series A Preferred Warrants |
ProceedsFromIssuanceOfWarrants
|
$9.00K | USD | 1 Quarter |
| Net proceeds from issuance of Series A Preferred Warrants |
ProceedsFromIssuanceOfWarrants
|
$17.00K | USD | 1 Quarter |
| Net proceeds from issuance of Series A Preferred Stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
$7.02M | USD | 1 Quarter |
| Net proceeds from issuance of Series A Preferred Stock |
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
$8.97M | USD | 1 Quarter |
| Payment of preferred stock dividends |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$249.00K | USD | 1 Quarter |
| Payment of preferred stock dividends |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$14.94M | USD | 1 Quarter |
| Redemption of Series A Preferred Stock |
PaymentsForRepurchaseOfRedeemablePreferredStock
|
$67.00K | USD | 1 Quarter |
| Redemption of Series A Preferred Stock |
PaymentsForRepurchaseOfRedeemablePreferredStock
|
$37.00K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$11.52M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-422.69M | USD | 1 Quarter |
| Change in cash balances included in assets held for sale |
DecreaseIncreaseInCashFromDiscontinuedOperations
|
$10.00K | USD | 1 Quarter |
| Change in cash balances included in assets held for sale |
DecreaseIncreaseInCashFromDiscontinuedOperations
|
- | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-86.12M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$233.72M | USD | 1 Quarter |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$156.32M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$70.19M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$77.44M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$311.17M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$156.32M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$70.19M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$77.44M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$311.17M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$156.32M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$70.19M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$77.44M | USD | Point-in-time |
| Total cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$311.17M | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaid
|
$6.60M | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaid
|
$5.73M | USD | 1 Quarter |
| Federal income taxes paid |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Federal income taxes paid |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Additions to investments in real estate included in accounts payable and accrued expenses |
CapitalExpendituresIncurredButNotYetPaid
|
$14.10M | USD | 1 Quarter |
| Additions to investments in real estate included in accounts payable and accrued expenses |
CapitalExpendituresIncurredButNotYetPaid
|
$2.46M | USD | 1 Quarter |
| Net increase in fair value of derivatives applied to other comprehensive income |
NetIncreaseDecreaseInFairValueOfDerivativesAppliedToOtherComprehensiveIncomeLoss
|
$1.18M | USD | 1 Quarter |
| Net increase in fair value of derivatives applied to other comprehensive income |
NetIncreaseDecreaseInFairValueOfDerivativesAppliedToOtherComprehensiveIncomeLoss
|
- | USD | 1 Quarter |
| Additions to deferred costs included in accounts payable and accrued expenses |
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
$145.00K | USD | 1 Quarter |
| Additions to deferred costs included in accounts payable and accrued expenses |
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
$837.00K | USD | 1 Quarter |
| Additions to preferred stock offering costs included in accounts payable and accrued expenses |
StockOfferingCostsNotYetPaid
|
- | USD | 1 Quarter |
| Additions to preferred stock offering costs included in accounts payable and accrued expenses |
StockOfferingCostsNotYetPaid
|
$281.00K | USD | 1 Quarter |
| Preferred stock offering costs offset against redeemable preferred stock in temporary equity |
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
|
$61.00K | USD | 1 Quarter |
| Preferred stock offering costs offset against redeemable preferred stock in temporary equity |
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
|
$44.00K | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock from temporary equity to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$8.89M | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock from temporary equity to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$1.89M | USD | 1 Quarter |
| Reclassification of loans receivable, net to real estate owned |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
- | USD | 1 Quarter |
| Reclassification of loans receivable, net to real estate owned |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$243.00K | USD | 1 Quarter |
| Right-of use asset and lease liability |
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
$298.00K | USD | 1 Quarter |
| Marketable securities transferred in connection with the legal defeasance of mortgages payable |
TransferOfMarketableSecuritiesForDefeasanceOfMortgagePayable
|
- | USD | 1 Quarter |
| Marketable securities transferred in connection with the legal defeasance of mortgages payable |
TransferOfMarketableSecuritiesForDefeasanceOfMortgagePayable
|
$224.09M | USD | 1 Quarter |
| Mortgage notes payable legally defeased |
MortgagesPayableDefeased
|
$205.50M | USD | 1 Quarter |
| Mortgage notes payable legally defeased |
MortgagesPayableDefeased
|
- | USD | 1 Quarter |
| Mortgage note assumed in connection with our sale of real estate |
NotesAssumed1
|
- | USD | 1 Quarter |
| Mortgage note assumed in connection with our sale of real estate |
NotesAssumed1
|
$28.20M | USD | 1 Quarter |
Stockholders Equity
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common dividends (in usd per share) |
CommonStockDividendsPerShareCashPaid
|
$0.12 | USD | 1 Quarter |
| Common dividends (in usd per share) |
CommonStockDividendsPerShareCashPaid
|
$0.12 | USD | 1 Quarter |
| Dividends to holders of Series A Preferred Stock (in usd per share) |
PreferredStockDividendsPerShareDeclared
|
$0.34 | USD | 1 Quarter |
| Dividends to holders of Series A Preferred Stock (in usd per share) |
PreferredStockDividendsPerShareDeclared
|
$0.34 | USD | 1 Quarter |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$909.51M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$624.49M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$617.27M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$626.71M | USD | Point-in-time |
| Stock-based compensation expense |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$38.00K | USD | 1 Quarter |
| Stock-based compensation expense |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$38.00K | USD | 1 Quarter |
| Common dividends |
DividendsCommonStock
|
$5.47M | USD | 1 Quarter |
| Common dividends |
DividendsCommonStock
|
$5.47M | USD | 1 Quarter |
| Issuance of Series A Preferred Warrants |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
$9.00K | USD | 1 Quarter |
| Issuance of Series A Preferred Warrants |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
$17.00K | USD | 1 Quarter |
| Dividends to holders of Series A Preferred Stock |
DividendsPreferredStockCash
|
$1.01M | USD | 1 Quarter |
| Dividends to holders of Series A Preferred Stock |
DividendsPreferredStockCash
|
$493.00K | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$8.89M | USD | 1 Quarter |
| Reclassification of Series A Preferred Stock to permanent equity |
ReclassificationsOfTemporaryToPermanentEquity
|
$1.89M | USD | 1 Quarter |
| Redemption of Series A Preferred Stock |
StockRedeemedOrCalledDuringPeriodValue
|
$-1.00K | USD | 1 Quarter |
| Redemption of Series A Preferred Stock |
StockRedeemedOrCalledDuringPeriodValue
|
$38.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$1.18M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-1.81M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$622.00K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$291.62M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$909.51M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$624.49M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$617.27M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$626.71M | USD | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| NET INCOME |
ProfitLoss
|
$622.00K | USD | 1 Quarter |
| NET INCOME |
ProfitLoss
|
$291.62M | USD | 1 Quarter |
| Other comprehensive (loss) income: cash flow hedges |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-1.81M | USD | 1 Quarter |
| Other comprehensive (loss) income: cash flow hedges |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$1.18M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$1.80M | USD | 1 Quarter |
| COMPREHENSIVE INCOME |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$289.82M | USD | 1 Quarter |
| Comprehensive loss (income) attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$4.00K | USD | 1 Quarter |
| Comprehensive loss (income) attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-174.00K | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO THE COMPANY |
ComprehensiveIncomeNetOfTax
|
$1.80M | USD | 1 Quarter |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO THE COMPANY |
ComprehensiveIncomeNetOfTax
|
$289.99M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.